Quarterly or Semiannual Financial Statements

Profits at Northeast Utilities fell in the second quarter due to ongoing merger costs and a charge relating to a federal review of how much money is reasonable for it and similar companies to earn from transmission projects. Lower electric sales due to warmer weather in May and June also weighed on earnings for the Hartford- and Boston-based energy company. Net income in the second quarter fell 25 percent to $127.4 million, or 40 cents per share, from $171 million, or 54 cents per share, in the same period last year. The Federal Energy Regulatory Commission in June issued an order requiring Northeast Utilities to take a $32.1 million after-tax charge because of changes in its profit...

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